Re: Mon & Tues Changed Everthing
in response to
by
posted on
Dec 17, 2010 02:55PM
"10.Some of you have speculated about the future of good management and institutional investors. I don’t think either will be or attracted to edig until things change even more than they recently have. I remind you that edig has 193M shares outstanding, a negative net worth of $80+M, and a volatility rating of 95+ or -. Maybe I am wrong, but the proof is in the pudding. We’ll see."
The negative net worth is a function of the shares outstanding (300 million) and does not reflect any current debt structure or obligation to the company.
16 settlements and/or a reverse split and all that goes away.
So ultimately I think we all agree that the future of the company is dependent on Duane Morris's results in court. Whatever comes of this new direction of new IP could surprise but right now, that forecast is quite cloudy, with signs of partial clearing. lol